Fuel price hike likely today

PRESS TRUST OF INDIA

New Delhi, June 23: A high powered ministerial panel is likely to meet tomorrow to consider a hike in diesel and domestic LPG prices, as well as a cut in duty rates to combat the high cost of crude oil.
 The Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, may meet at 1300 hours tomorrow, a sources said here. A hike of Rs 2-3 per litre in diesel prices and an increase of at least Rs 25 per domestic LPG cylinder are on the EGoM agenda. It may also consider raising kerosene prices.
 Besides, the high powered panel may consider lowering customs or import duty on crude oil to nil from current 5 per cent, and on diesel from 7.5 per cent to 2.5 per cent.

Lastupdate on : Thu, 23 Jun 2011 21:30:00 Makkah time
Lastupdate on : Thu, 23 Jun 2011 18:30:00 GMT
Lastupdate on : Fri, 24 Jun 2011 00:00:00 IST



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